Off The Wires

SA cabinet approves mining charter ahead of gazetting: report

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THE South African cabinet approved the draft mining charter on Wednesday (May 24) which is said to include a requirement for a minimum 30%...

Zwane sets new deadline on “revolutionary” mining charter

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SOUTH African mines minister, Mosebenzi Zwane, has set a new deadline for a redraft of the mining charter which he is quoted to have...

Former SA mines minister asked by Eskom to blackmail Glencore

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BRIAN Molefe, the returning CEO of Eskom and the power utility's chairman, Ben Ngubane, allegedly pressed former mines minister, Ngoako Ramatlhodi, into blackmailing Glencore,...

BHP name change not intended as riposte to Elliott Group

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BHP Billiton has unveiled plans to rebrand itself by dropping the Billiton from its name, a shift that highlights the mining group's Australian roots. The...

First Quantum asks Zambia attorney-general to quash charges

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FIRST Quantum Minerals, a Toronto-listed company that mines copper in Zambia, has written to the southern African country's attorney-general in an effort to block...

Iron ore under pressure as port inventories grow in China

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PRESSURE in the iron ore market grew as a brief revival was promptly snuffed out as speculators sold futures amid concern at record inventories...

Rio Tinto not admitted corruption in Guinea, Mozambique

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RIO Tinto had not admitted it was guilty of corruption in respect of investigations currently underway into its past dealings in Guinea and Mozambique. "I...

Agarwal a passive investor in Anglo, doesn’t want board seat

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ANIL Agarwal, chairman of Vedanta, was not interested in being an activist shareholder in Anglo American, nor in becoming its chairman by replacing the...

SA mine deaths fall to 73 in 2016 after “government crackdown”

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MINERS killed in South Africa during 2016 fell to a record low of 73 from the previous record of 77 in 2015, said Reuters...

EFF throws weight behind Eskom in Exxaro BEE row

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THE Economic Freedom Fighters (EFF) has thrown its political weight behind Eskom saying that coal supplier, Exxaro Resources, should be black-controlled before supplying coal...